综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Auto dealer to open more outlets

Updated: 2011-07-08 13:30

By Liza Lin (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Shanghai - Zhongsheng Group Holdings Ltd, China's second-largest publicly traded automobile dealer, plans to increase the number of outlets to cater to rising demand for luxury vehicles.

The distributor of eight car brands, including Porsche and Volkswagen AG's Audi, will expand its network by 40 outlets, about half of which will be added through acquisitions, said Chairman Huang Yi on Wednesday. The company, based in Dalian, had 98 dealerships as of March.

Zhongsheng is expanding even as Chinese auto sales slowed this year from the 32 percent growth in 2010, after the government phased out incentives and imposed purchasing restrictions to curb traffic.

Car sales may rise 10 percent in the country in 2011, with demand for luxury cars outpacing the overall industry, Huang said.

"Luxury brands are still growing sizably," said Huang, who aims to buy about 20 dealerships selling mid-priced to high-end brands in northern and northeastern China. "The drop was mostly in commercial vehicles and the lower-end sedan sector."

China's economy will expand 9.6 percent in 2011 and 9.5 percent next year, the fastest rate among major emerging markets, according to International Monetary Fund projections. Private wealth has grown with the economy, with the number of Chinese millionaire households jumping 31 percent to 1.11 million in 2010, according to the Boston Consulting Group.

Audi sold 28 percent more vehicles in the country in the first six months of 2011 than a year earlier, while Bayerische Motoren Werke AG said deliveries jumped 61 percent. Zhongsheng will spend as much as 1.3 billion yuan ($201 million) building 20 new outlets this year, and plans to add two new European luxury brands to its portfolio by the end of 2011, Huang said.

The dealer, which also sells sedans from Daimler AG's Mercedes-Benz and Toyota Corp's Lexus luxury divisions, more than doubled its profit last year to 1.03 billion yuan.

Zhongsheng has risen 76 percent over the past year, compared with 14 percent for Hong Kong's benchmark Hang Seng Index.

Bloomberg News

 

裕民县| 新疆| 大余县| 基隆市| 岗巴县| 缙云县| 三明市| 万源市| 蛟河市| 黄梅县| 乐陵市| 安新县| 车致| 屏东县| 河北省| 长汀县| 周至县| 右玉县| 江孜县| 祁门县| 古交市| 富锦市| 武陟县| 乐亭县| 上高县| 保康县| 靖江市| 沁源县| 民乐县| 宜都市| 嘉荫县| 洛宁县| 桦甸市| 民勤县| 浦东新区| 开鲁县| 丰原市| 芜湖县| 商水县| 高淳县| 嘉祥县|